Mar 27, 2017 | Individuals
If you have a child in college, you may be eligible to claim the American Opportunity Tax Credit on your 2016 income tax return. If, however, your income is too high, you won’t qualify for the credit — but your child might. There’s one potential downside: If your...
Feb 2, 2017 | Individuals
Was a college student in your family last year? Or were you a student yourself? You may be eligible for some valuable tax breaks on your 2016 return. To max out your higher education breaks, you need to see which ones you’re eligible for and then claim the one(s) that...
Aug 24, 2016 | Individuals
Last week, we discussed applying for financial aid to help defer the cost of college. Besides financial aid, specific higher education tax benefits can reduce the net cost of sending a child to college. Among the three major tax breaks—American Opportunity Tax Credit,...
Aug 18, 2016 | Individuals
As we reported in our last article, the net price of higher education will depend on the amount of financial aid that’s received. The greater the financial aid, the lower the net cost of college. In order to obtain financial aid, a key step is filling out the Free...
Aug 15, 2016 | Individuals
The College Board reports that full-time students at in-state public schools typically paid almost $20,000 for tuition, fees, and room and board during the 2015-2016 academic year. On average, students at private institutions typically paid almost $44,000 for tuition,...
